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Intercontinental Exchange Inc (ICE)

合理估值
Financial ServicesFinancial Data & Stock ExchangesUnited States

基本面

61

价格

$151.89

市值

$85.84B

第一部分 · 这家公司值多少

概览

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology. The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market. The company was founded in 2000 and is headquartered in Atlanta, Georgia.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 22.2Score: 68Market cap: $17.92B

CME runs the other large U.S. futures and clearing complex, competing with ICE Futures for the same energy, interest-rate and agricultural derivatives volume from banks, hedge funds and commercial hedgers.

P/E: 26.8Score: 68Market cap: $52.85B

Nasdaq competes head-on with ICE's New York Stock Exchange for new listings, U.S. cash-equity and options order flow, and for the market-data subscriptions sold to the same trading firms.

P/E: 21.5Score: 82Market cap: $27.94B

Cboe operates rival U.S. equity and options exchanges plus European venues, taking the same order flow from brokers that ICE's NYSE exchanges and ICE Futures Europe rely on.

P/E: 25.0Score: 67Market cap: $117.19B

Through its indices, market intelligence and commodity price assessments, S&P Global sells to asset managers and banks the same fixed-income and benchmark data products that make up ICE's Fixed Income and Data Services segment.

London Stock Exchange Group plcLSEG

LSEG competes with ICE both as an exchange and clearing operator in Europe and, through Refinitiv and its index business, in the fixed-income pricing, reference data and analytics that ICE sells to the same institutional clients.

Deutsche Börse AGNot tracked

Deutsche Börse's Eurex and Xetra compete with ICE Futures Europe and ICE Clear Europe for European interest-rate and equity derivatives trading and clearing, and its data arm sells competing index and analytics products.

资产负债表与流动性

营收

$13.43B

最近12个月(截至2026/6/30)

净利润

$4.04B

最近12个月(截至2026/6/30)

自由现金流

$4.29B

股东权益合计

$28.91B

负债合计

$107.90B

流动比率

1.01

利息覆盖率

6.80

债务/EBITDA

3.54

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$155.29

当前价格

$151.89

安全边际

+2.2%

公允价值区间

$123.13 - $187.46

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$187.29
现金流折现法(DCF):$163.77
市盈率法(P/E):$125.74
格雷厄姆成长公式:$164.09
盈利能力价值(EPV):$81.74
合理市净率(P/B):$94.15
股息折现模型(戈登模型):$37.75
P/FFO(运营资金):$138.94
周期中段收益:$99.75
市销率法(P/S):$62.07
分析师共识:强力买入 (18B / 2H / 0S)
最近财报超预期:+2.33%

估值指标

市盈率(P/E)

21.47

ROE

11.5%

市净率(P/B)

2.89

P/FCF

16.81

毛利率

-

ROIC

8.1%

盈利能力雷达图

价值创造(经济护城河)

ROIC

8.1%

WACC

8.0%

ROIC − WACC

+0.1 pp

ROIC 与资本成本大致持平:公司仅仅覆盖了资本成本。

基本面分析标准

通过(19)

  • Price CAGR 10.81%
  • ROIC 8.0%
  • P/FCF 16.81
  • P/B Ratio 2.89
  • Debt/Equity ratio
  • Operating Margin 40.7%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 13.9%
  • Revenue Growth 5Y 8.9%
  • Analyst Consensus 90% Buy
  • Earnings Surprise avg 3.0%
  • Earnings Quality (OCF/NI) 1.37
  • Share Dilution -0.3%
  • Piotroski F-Score 8/9

未通过(6)

  • EPS shows upward trend
  • EPS CAGR -1.27%
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • PEG Ratio 2.42

不可用(3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Net Margin Trend (invalid data)

Piotroski F-评分

8/9

财务状况强健

score
criteria

盈利质量

1.37

高质量:盈利有现金流支撑

股权稀释

-0.3%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Jeffrey C. SprecherFounder, Chairman & CEO70
Mr. Benjamin R. JacksonChair of ICE Mortgage Technology & President52
Mr. A. Warren Gardiner C.F.A.Chief Financial Officer44
Mr. Christopher Scott EdmondsPresident of ICE Fixed Income & Data Services56
Ms. Lynn C. MartinPresident of NYSE Group and Chair of ICE Fixed Income & Data Services48
Mr. Stuart G. WilliamsChief Operating Officer48
Mr. James W. NamkungChief Accounting Officer & Corporate Controller49
Mr. Mayur V. KapaniChief Technology Officer56
Mr. Douglas A. FoleySenior Vice President of Human Resources & Administration53
Mr. Steven EagertonVice President of Investor Relations & Revenue Operations-

审计风险

2

董事会风险

5

薪酬风险

5

股东权利风险

3

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-05

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-30

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-28

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for ICE, sourced from Markets Gazette.

  • 8/16/2026POSITIVE
    Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant

    Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), has transformed a near-bankrupt company acquired for $1,000 from Warren Buffett into an $85 billion enterprise. This remarkable turnaround highlights Sprecher's strategic acumen and ICE's significant growth under his leadership. The company's valuation surge underscores its success in the financial exchange and data services sector, positioning it as a major player and a testament to effective business management and market adaptation.

  • 8/11/2026NEUTRAL
    NYSE Parent ICE Kicks Off Bond Sale for MarketAxess Takeover

    Intercontinental Exchange (ICE), the parent company of the NYSE, has initiated a US investment-grade bond sale. This move comes two weeks after ICE announced a significant $6 billion agreement to acquire MarketAxess Holdings Inc. The bond issuance aims to finance a portion of this acquisition, signaling ICE's commitment to expanding its market data and trading infrastructure services. Investors will monitor the terms of the bond sale and its impact on ICE's leverage and future capital allocation strategies.

  • 6/29/2026NEUTRAL
    NYSE Owner Plans Futures on Monetary Policy

    Intercontinental Exchange Inc. (ICE), the operator of the New York Stock Exchange, is set to introduce new futures contracts. These contracts will be linked to key global monetary policy decisions and US natural gas storage levels. This strategic move by ICE aims to provide investors with new hedging and speculative tools, potentially increasing trading volumes and revenue streams for the exchange operator. The introduction of policy-linked futures could offer insights into market expectations regarding central bank actions and energy supply dynamics.

  • 5/29/2026NEUTRAL
    NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps

    Intercontinental Exchange (ICE), the parent company of the NYSE, is advocating for regulatory clarity to establish a "level playing field" for 24/7 onchain perpetual contracts. CEO Jeffrey Sprecher highlighted that such products are already available on platforms like Hyperliquid. This statement suggests ICE's interest in entering or facilitating this evolving derivatives market, but the primary focus remains on regulatory alignment rather than immediate product launch. Investors will monitor regulatory developments and ICE's strategic response to the growing onchain derivatives space.

  • 5/25/2026POSITIVE
    $1000 Invested In Intercontinental Exchange 15 Years Ago Would Be Worth This Much Today

    An investment of $1000 in Intercontinental Exchange (ICE) 15 years ago would have yielded a significant return, highlighting the company's sustained growth and market performance. ICE, a global operator of exchanges and clearing houses, has consistently expanded its offerings and profitability over the past decade and a half. This long-term performance suggests strong strategic management and adaptability in the financial markets sector. Investors looking for stable, long-term growth may find ICE's track record compelling, indicating potential for continued value appreciation.

  • 5/19/2026NEUTRAL
    NYSE’s Owner Plans Its Own Futures Market for Computing Power

    Intercontinental Exchange (ICE), the operator of the New York Stock Exchange, is venturing into the burgeoning market for AI-driven computing power by planning its own futures market. This initiative aims to provide a mechanism for tracking and trading the price of computing resources essential for artificial intelligence development. While the specifics of the contracts and launch date are yet to be fully detailed, the move signifies ICE's strategic positioning in a rapidly evolving technological landscape. Investors will monitor the development for potential new avenues in commodity-like trading related to digital infrastructure.

  • 3/28/2026POSITIVE
    NYSE Parent Firm ICE Finalizes $600M Investment In Polymarket — Details

    Intercontinental Exchange (ICE), the parent company of the NYSE, has finalized a $600 million direct cash investment in Polymarket, a leading prediction market platform. This investment is part of ICE's broader commitment to inject up to $2 billion into Polymarket. The substantial capital infusion is expected to fuel Polymarket's growth and innovation in the prediction market sector. For ICE investors, this strategic move signals a significant bet on the expanding alternative data and prediction analytics landscape, potentially diversifying revenue streams beyond traditional exchange operations.

via Markets Gazette